Every 10yrs, Wall Street will staged a global crisis. Then West institutions will “invest” aka scoping up stressed assets at fire sale price.
That’s how growing Asean lost 90% of national assets in 1997 crisis to West overnight, where SKorea sold all its 10 chebols responsible for its 90% GDP. Today Samsung is 89% owned by Wall Street funds, sucking over 20% of SK GDP. Its india time now.
Every 10yrs, Wall Street will staged a global crisis. Then West institutions will “invest” aka scoping up stressed assets at fire sale price.
That’s how growing Asean lost 90% of national assets in 1997 crisis to West overnight, where SKorea sold all its 10 chebols responsible for its 90% GDP. Today Samsung is 89% owned by Wall Street funds, sucking over 20% of SK GDP. Its india time now.